Guatemala Goes for Duration

Feb 7, 2013

Guatemala capitalized on scarcity value to add a new point to its dollar curve with a $700m 2028 bond. Buyers put in for close to $4bn in orders as the Central American sovereign looked to smooth out its maturity profile. “We were prepared to go to market since last week, and with expected movements in the US treasury we found the best conditions to issue now,” Maria Concepcion Castro, vice minister at Guatemala’s ministry of finance, tells LatinFinance. She explains the republic was satisfied with...